Established in 2001, Vishal Mega Mart is a hypermarket chain that offers a diverse array of products, including clothing, groceries, electronics, and household essentials. They provide both their own brands and those of third parties to satisfy the daily needs of consumers.
The Vishal Mega Mart IPO is a book-built offering valued at Rs 8,000.00 crores. This issue consists entirely of a sale of 102.56 crore shares. The IPO will be open for subscriptions from 11 December 2024 and will close on 13 December 2024. The allotment for the Vishal Mega Mart IPO is anticipated to be completed on Monday, 16 December 2024.
The price band for the Vishal Mega Mart IPO has been established at ₹74 to ₹78 per share. Retail investors are required to apply for a minimum lot size of 190 shares, necessitating a minimum investment of ₹14,820. For small Non-Institutional Investors (sNII), the minimum investment consists of 14 lots (2,660 shares), totalling ₹207,480, while for big Non-Institutional Investors (bNII), the minimum is 68 lots (12,920 shares), amounting to ₹1,007,760.
The lead managers for the Vishal Mega Mart IPO consist of Kotak Mahindra Capital Company Limited, ICICI Securities Limited, Intensive Fiscal Services Private Limited, Jefferies India Private Limited, J.P. Morgan India Private Limited, and Morgan Stanley India Company Pvt Ltd. Kfin Technologies Limited serves as the registrar for the offering.
The company will not receive any funds from the Offer for Sale carried out by the Promoter Selling Shareholder. Instead, the entirety of the proceeds will be retained by the Promoter Selling Shareholder, following the deduction of their share of the offering-related costs and applicable taxes.
Vishal Mega Mart Limited saw a 17.41% increase in revenue to ₹8,945.13 crore and a 43.78% increase in PAT to ₹461.94 crore in FY24 compared to FY23. On March 31, 2024, the company’s assets totalled ₹8,506.08 crore, net worth was ₹5,646.59 crore, and reserves and surplus were ₹1,113.12 crore. The total borrowing decreased to ₹133.50 crore from ₹497.41 crore in FY23, indicating better financial health.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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